Similar to my previous post regarding MSTR we see another example of COIN exhibiting impressive relative strength as the SPY makes new lows for the day. Such relative strength is a key indicator that a stock may be poised for an upward move, as it demonstrates resilience and buying interest that can lead to significant gains once the market sentiment shifts favorably. Observing COIN's relative strength provided a valuable edge, highlighting it as a potential outperformer ahead of its subsequent rally.
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